Novavax top investor urges sale over poor COVID shot rollout; shares rise

Novavax

14/10/2025 15:32

Updates

** Shares of vaccine maker Novavax NVAX.O rise 2.3% to $8.83

** Shah Capital, NVAX's second-largest shareholder, says Novavax should be sold to a bigger pharma firm

** In a letter shared with Reuters, Shah Capital says Novavax's COVID shot rollout has disappointed for third straight year

** Nuvaxovid, NVAX's protein-based COVID vaccine, took just 2% market share last season - Shah Capital

** Novavax did not immediately respond to a Reuters request for comment

** Shah sees Sanofi, Merck, GSK, AstraZeneca as potential buyers, but has not been in touch with them

** Novavax currently has a market valuation of about $1.35 billion, according to LSEG data

** Including session's move, shares up ~7% YTD

 (Reporting by Sahil Pandey in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))